Hope for ‘Hope for Homeowners?’

Among the many housing policy disappointments sustained during the bust, the Hope for Homeowners mortgage refinancing program has to rank as the disappointing-est. Originally estimated as having the potential to aid nearly half a million struggling borrowers, the program has resulted in just one successful loan refinancing More…

Is McCain’s Mortgage Plan Even Legal?

In an interview with ABC’s Charlie Gibson Thursday, Sen. John McCain said his “Homeownership Resurgence Plan” to allow the federal government to buy up bad debt from banks and allow people to refinance mortgages they can no longer pay, may require $300 billion in “new money.”

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